Historical record. CMS lists this CCN as terminated (voluntary - merger/closure). The facility continued under CCN 150056 — see the current profile. The financials below are the historical results reported under this number and are excluded from current peer comparisons and state counts.
Cost-report basis
HCRIS · as filed
Not audited by Astrelis
The read
A hospital in Carmel, IN. It ran an operating surplus of 30.1% in FY24 on $514.7M of operating revenue. It held 967 days of cash on hand. Operating margin improved from 29.3% in FY20 to 30.1% in FY24, though it fell 1.5 points in the most recent year.
Operating margin · FY24
+30.1%
▼ 1.5 pts vs FY23
vs Urban PPS hospitals—
Days cash on hand · FY24
967d
all sources
▲ 37.9 days vs FY23
vs Urban PPS hospitals—
Total operating revenue · FY24
$514.7M
▲ 43.6 $M vs FY23
vs Urban PPS hospitals—
Total margin · incl. nonoperating · FY24
+30.1%
▼ 1.5 pts vs FY23
vs Urban PPS hospitals—
One point of operating margin at INDIANA UNIVERSITY HEALTH NORTH HOSPITAL is about $5.1M per year (1% of FY24 total operating revenue).
Where INDIANA UNIVERSITY HEALTH sits among Urban PPS hospitals
Operating margin · FY25 pool · n = 1,475 of 2,681 filed
Each point is one Urban PPS hospital in the national distribution for this provider type, placed by operating margin. Facilities are not matched on size, case mix, or market — that is the matched-peer comparison in the paid benchmark. The Urban PPS hospital median is +1.3%. Descriptive context only, not a ranking.
One urban pps hospitalINDIANA UNIVERSITYUrban PPS hospital median
The money
$ thousands · HCRIS cost-report basis · as filed, QA-gated
Ratios tell you how this hospital is doing. Statements tell you what kind of organization it is, and where the money comes from. Every figure below traces to a public cost-report filing, shown as filed. A ratio renders only when every input is reported in the filing; a year missing its core lines is not shown; a year whose balance sheet does not reconcile is labeled. Not audited by Astrelis.
Net patient receivables ÷ (net patient revenue ÷ 365), same fiscal year
HCRIS WS G / G-3
$ in thousands
Line item
FY22
FY23
FY24
Patient revenue
413,277
436,540
473,652
Other operating revenue
8,568
34,564
41,015
Total operating revenue
421,846
471,104
514,667
Total operating expenses
313,205
322,451
359,879
Operating income
108,641
148,652
154,787
Operating margin %
+25.8%
+31.6%
+30.1%
Other non-operating, net
0
0
0
Net income
108,641
148,652
154,787
Net income %
+25.8%
+31.6%
+30.1%
HCRIS Worksheet G-3 / S-3 · $ thousands · FY20–FY24 · FY20–21 may include COVID-era relief funding in nonoperating income
How it operates
quality & operational context · CMS public reporting
A 130-bed hospital at 63% occupancy 69% of patient revenue is outpatient.
The metrics this hospital type is judged on: care quality, patient experience, and scale. Each is labeled by evidence class and public source; descriptive context only, never a ranking or adequacy claim.
Scale and flow
Occupancy
62.7%
Verified fact2024
HCRIS WS S-3
Average daily census
81.76
Verified fact2024
HCRIS WS S-3
Staffed beds (acute)
130
Verified fact2024
HCRIS WS S-3
Annual discharges
10,516
Verified fact2024
HCRIS WS S-3
Average length of stay
2.8d
Verified fact2024
HCRIS WS S-3
Outpatient share of patient revenue
69.4%
Verified fact2024
HCRIS WS G-2 L28
Total FTEs
1,039
Verified fact2024
HCRIS WS S-3 Pt II
Contract labor share of labor cost
20.2%
Verified fact2024
HCRIS WS S-3 Pt V
Who it serves
Total unreimbursed & uncompensated care
$4.9M
Verified fact2023
HCRIS WS S-10 line 31
How the care measures up
C. difficile infection (SIR)
0.099
Better than the National Benchmark
CMS-reported measure07/01/2024 to 06/30/2025
CMS Care Compare
Hospital-wide unplanned readmission
14.7%
No Different Than the National Rate
CMS-reported measure07/01/2023 to 06/30/2024
CMS Care Compare
Medicare spending per beneficiary
1.03
CMS-reported measure01/01/2024 to 12/31/2024
CMS Care Compare
Patient-safety composite (PSI-90)
0.717751
CMS-reported measure07/01/2022 to 06/30/2024
CMS Care Compare
Trajectory
Cost-report basis · 5 reporting years
Operating margin
Days cash on hand
The county this hospital serves
HAMILTON County, IN · metro, 1M+ population
Median household income
$118.0K
vs $82.1K US · $59.7K rural median
Poverty rate
4.3%
vs 12.5% US · 14.3% rural median
Uninsured
4.2%
vs 8.6% US · 8.4% rural median
Age 65+
13.4%
vs 16.8% US · 20.6% rural median
Fair or poor health
12.8%
self-reported, adults · CDC PLACES
Primary-care shortage
Designated
HRSA HPSA
Economic context: 2.7% of county personal income is Medicare/Medicaid medical benefits; 8.1% arrives as government transfers (BEA, 2022).
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